[bryanlarsen]

An iPhone 12 uses less material than an iPhone 11 yet is more valuable than an iPhone 11.

A Tesla uses about 25 tons less fossil fuels than a gasoline car, even if its electricity is powered by a natgas generating station. The Tesla uses about the same amount of fossil fuels as the trucks transporting the fuel to the filling station.

Software of course, is special. New software is better than old software otherwise nobody would buy it. Yet the material usage is roughly equivalent at roughly $0.

These three types of progress can continue indefinitely.